Which Chapter corresponds to Farmland in the four types of bankruptcy?

• A. Chapter 7 Liquidation
• B. Chapter 11 Business
• C. Chapter 12 Farmland
• D. Chapter 13 Individual

Answer: (C)

Chapter 12 is designed specifically for family farmers and fishermen to reorganize their debts while continuing to operate the farm. It offers a farm-focused repayment plan that accommodates seasonal income and preserves farming operations, rather than forcing liquidation of assets. This makes it distinct from Chapter 7, which liquidates assets to pay creditors; Chapter 11, which is typically for businesses in reorganization; and Chapter 13, which is a general individual wage-earner plan not tailored to farming. Because farmland issues are addressed directly by Chapter 12, it is the best match for farmland in the four types.